It will take a while to digest this report. Many have said I was crazy but please note that cash went down $4.0 M H1 + while company lost 12.9M This was accomplished by not paying vendors selling inventory a change of 10.1M 53M – 43.8 M Most of this in Q2. Selling inventory is very good for a cash strapped company but it is a finite resource. Same with not paying vendors. Overall assets went down by 45M in H1 while liabilities went up by 11M I will leave it to all of you to figure out details. Cash is a farce when the company is hemorrhaging like this one is. Yes the company can keep afloat by selling inventory and not paying vendors but they continue to have major loses. Reserves are a major question mark but I cannot find details It will take a while to figure it out but I will. Overall much worse than cash reports would leave the casual observer to believe.
H1
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |